PORT OF SEATTLE 
MEMORANDUM 
COMMISSION AGENDA               Item No.       6a 
ACTION ITEM             Date of Meeting   November 5, 2013 

DATE:    October 28, 2013 
TO:      Tay Yoshitani, Chief Executive Officer 
FROM:    Dan Thomas, Chief Financial and Administrative Officer 
Michael Tong, Corporate Budget Manager 
SUBJECT:  Resolution No. 3685, final 2014 budget of the Port of Seattle 

ACTION REQUESTED 
Request First Reading and Public Hearing of Resolution No. 3685: A resolution of the Port
Commission of the Port of Seattle adopting the final budget of the Port of Seattle for the year
2014; making, determining, and deciding the amount of taxes to be levied upon the current
assessment roll; providing payment of bond redemptions and interest, cost of future capital
improvements and acquisitions, and for such general purposes allowed by law which the Port
deems necessary; and directing the King County Council as to the specific sums to be levied on
all of the assessed property of the Port of Seattle District in the Year 2014. 
SYNOPSIS 
The 2014 business and budget planning process began in April. In the past few months, staff
provided five briefings to the Commission on the 2014 budget process, budget assumptions,
business plan and capital plan, preliminary capital budget, preliminary operating budget, tax levy
and draft plan of finance. Based on the input and comments from the Commission in the 
briefings, staff incorporated the suggested  changes into the preliminary numbers. The
preliminary budget was prepared for the Commission on October 22, 2013, and made available
to the public on October 24, 2013. 
Staff recommends the following final budget process: 
November 5, 2013  First Reading of Resolution No. 3685 and Public Hearing 
November 19, 2013  Second Reading and Final Passage of Resolution No. 3685 
December 2, 2013  Submittal of the 2014 Final Budget to the King County Council and
Assessor's Office 
December 13, 2013  Release of the 2014 Final Budget and Draft Plan of Finance to the
Public

COMMISSION AGENDA 
Tay Yoshitani, Chief Executive Officer 
October 28, 2013 
Page 2 of 2 
BACKGROUND 
The budget process includes setting up and testing new budget modules in the budget system,
budget user training, department and division strategic and business planning, publishing budget
guidelines, establishing budget targets, entering budget data into the system, running budget
allocations and budget reports, conducting department and division reviews, executive reviews,
and Commission reviews, preparing and publishing the preliminary budget document, a public
hearing, adoption of the final budget, filing the statutory budget with the King County Council
and Assessor's Office, and the preparation and release of the final budget document.
Prior to the First Reading and Public Hearing on November 5, 2013, staff have provided five
briefings to the Commission. The 2014 preliminary budget was prepared for and provided to the
Port Commission on October 22, 2013, and was available to the general publicon October 24, 
2013. An announcement of the preliminary budget and public hearing was made in the Daily
Journal of Commerce newspaper on October 21 and October 28, 2013.
After the public hearing and Commission adoption of a final plan, the statutory budget and
resolution will be filed with the King County Council and King County Assessor as required by
law. The 2014 Final Budget and Draft Plan of Finance will be released to the public on
December 13, 2013. 
OTHER DOCUMENTS ASSOCIATED WITH THIS REQUEST 
Resolution No. 3685 
PowerPoint: 2014 Preliminary Budget First Reading and Public Hearing 
PREVIOUS COMMISSION ACTIONS OR BRIEFINGS 
July 23, 2013  2014 budget retreat/process briefing. 
August 20, 2013  2014 budget assumptions briefing. 
August 20, 2013  2014 business and capital plans briefing. 
October 1, 2013  2014 Capital Budget Briefing. 
October 22, 2013  The Preliminary Tax Levy and the Draft Plan of Finance 2014-2018 
briefing.